Insurer Sues Actuary In Federal Court Over Alleged Scheme Involving Reinsurance

Mealey's (August 11, 2022, 1:07 PM EDT) -- GREENSBORO, N.C. — Alleging, with emphasis added, that an actuary “conspired with others to harm” North Carolina Mutual Life Insurance Co. and in so doing sent an email saying “‘please pillage in moderation,’” the company on June 30 filed a suit in North Carolina federal court asserting nine claims, including Racketeer Influenced and Corrupt Organizations Act (RICO) violations and fraud....